The Accounting Procedures Guidebook (Currently Unavailable)

Author: Steven Bragg

The Accounting Procedures Guidebook describes the procedures and forms needed for all of the major accounting and other functional areas of a business, including order entry, shipping, billing, cash receipts, accounts payable, payroll, and more.

Number of Pages: 310

Publication Date: January 2014

Designed For
The Accounting Procedures Guidebook is designed for professionals that can use it as a reference tool for creating and revising procedures and forms, while it provides an overview of the entire system of procedures. To further assist, every chapter is followed by a set of review questions and answers. Given its complete coverage of the accounting procedures topic, The Accounting Procedures Guidebook may earn a permanent place on your book shelf.

Topics Covered

• Overview of accounting procedures
• Order entry procedures
• Credit procedures
• Shipping procedures
• Customer billing procedures
• Collection procedures
• Cash receipts procedures
• Purchasing procedures
• Procurement card procedures
• Expense report procedures
• Petty cash procedures
• Receiving procedures
• Accounts payable procedures
• Inventory procedures
• Payroll procedures
• Fixed asset procedures
• Treasury procedures

Learning Objectives

• Recognize the situations in which procedures should or should not be employed, and the best procedure format to use.
• Identify the uses of order entry forms and the use of verification techniques in the order entry process flow.
• Identify the clauses and documents used in a credit review, as well as the triggering events for credit changes.
• Recognize the documents required in the shipping process flow.
• Recognize the flow of documents required to produce a customer invoice.
• Recognize situations in which formal collection procedures are less necessary, as well as the documents used within a collection process.
• Identify the participants in the cash receipts process flow, as well as the reasoning for a rapid receipts process.
• Define the authorizing documents used to order goods and services, as well as the steps in the purchasing process.
• Recognize the control points in the analysis and processing of procurement card statements.
• Identify the contents of an expense report and situations in which per diem payments are made.
• List the documents used in a petty cash system and the reasons for petty cash variances.
• Distinguish between the contents of a receiving report, as well as the documents used to control the inflow of goods to a business.
• Recognize the reasons for using three-way matching and the variations on this concept to improve the processing of payables.
• Identify the reasons for verifying count tags and the uses to which a cycle counting report can be put.
• Distinguish the differences between a timesheet and timecard, and note the contents of an employee record.
• Identify the reasons for using a capital request form, how an asset purchase should be reviewed, and whether to engage in a post installation review.
• Recognize the mechanics of creating a cash forecast, as well as the determination of investable cash.
• Identify the situations in which reserves should be created, and when approvals are needed before financial statements can be issued.

Level
Overview

Instructional Method
Self-Study

NASBA Field of Study
Accounting (13 hours)

Program Prerequisites
None

Advance Preparation
None